ITALY: Tax drop drives Campari growth
The Italian drinks group Campari announced yesterday that its net profits grew 20% in 2001 to €63.4m (US$55.47m). The company said the growth was driven by a rise in sales and a significant drop in taxes. Campari, the maker of the eponymous aperitif, along with Cinzano and Skyy Vodka, saw its sales rise 13.9% to €494.3m in 2001. However, pre-tax profits fell 3.6% to €94m, which suffered from foreign exchange losses.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- just The Preview - Pernod Ricard's Q4 & FY
- Pernod Ricard's FY Performance by Region, Brand
- Comment - Hybrid Spirits: Innovation or Laziness?
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory
- Brown-Forman unveils Jack Daniel's UK push